Mr. Kinsley is a lefty pundit with whom I have almost never agreed. Today, however, he's got a "read the whole thing" column with this tibit.
The question remains: If the deficit doesn't matter, why have any taxes at all? And if there is some point at which the deficit does start to matter, and become dangerous, when is that point if $1.6 trillion isn't it?Seriously, read the whole thing. It's nothing new on this blog, but when it comes from an old hand on the left like Michael Kinsley, it means something.